Cryptocurrency Derivatives Series - Investment flows into Bakkt’s counterpart Coinflex

Coinflex, the major counterpart of Bakkt, who is the world’s first physically-delivered cryptocurrency futures exchange, made buzzing announcement.

Physically-delivered bitcoin futures are at the core of another much anticipated digital trading platform — Bakkt. The idea behind physically-settled futures is that, at the time of the contract’s expiration, the trader will receive the underlying asset instead of a cash payment.

The cryptocurrency futures exchange CoinFLEX has procured an investment from Digital Currency Group (DCG) and Polychain. 

DCG and Polychain are the latest to join CoinFLEX’s investor consortium which includes Trading Technologies, Roger Ver, Mike Komaransky, Dragonfly Capital Partners, and a number of leading market making firms.

In addition to this announcement, they have presented their own FLEX Coin also which happens to be a token meant exclusively to endorse liquidity and to stimulate trading activities.

Currency Strength Index: FxWirePro's hourly USD spot index is flashing at -60 (which is bearish), BTC is at 153 (highly bullish) while articulating at (10:58 GMT). 

For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex